Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market popped up at the start with better oil and market sentiment and then fell away to finish with a minor positive day. We maintain our view that early August remains a weak period where profit taking is likely as the prices have run ahead of earnings as we head from confession period to reporting season. Japanese monetary and fiscal policy updates over the past few days have not set the world on fire but keeps them in line with every other underperforming central bank. BOE’s turn tonight and the markets are expecting rate cuts and QE update. The trend suggests that BOE will disappoint like the rest…..potentially delivering rate cut and leaving the rest for later. (VIEW LINK)

Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

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